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: The following table computes the after- tax cash flow for a 3-year project. Year__BTCF Dep.Tax. In.In. Tax ATCF 0_--- -4.20 -4.21.39-2.81_. 1_ 0.7 1.4-0.7____0.23.

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: The following table computes the after- tax cash flow for a 3-year project. Year______BTCF Dep.______Tax. In.__In. Tax ATCF 0___--- -4.2______0______ -4.2______1.39______-2.81___. 1_____ 0.7 1.4______-0.7______0.23. 0.93 2_________0.7_______1.87______-1.17_____0.39______1.09_____ 3 1.2 0.31 _0.89-------0.29_____0.91 Question. If the Federal tax rate is 21%, what is the State tax rate

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